February 2, 2021 • Companies
ScaleCo Acquires PSP Metrics, Inc. as Demand for Team Assessment and HR Development Grows
ScaleCo Management is pleased to announce its investment in, and partnership with, employee assessment company PSP Metrics, Inc. PSP also provides talent and organizational development as well as succession planning. This is the ScaleCo team’s 20th platform investment from our thesis of engaging ambitious entrepreneurs to provide value to small companies. ScaleCo has developed an investment thesis to invest further in the human capital management industry, with plans to grow PSP organically and add on other companies.
Operating for more than 70 years, PSP has been a pioneer in the employee assessment industry. Dr. Gary Williamson, who has been a co-owner of the company since 2001, will become Chief Executive Officer and remains a significant investor. Dr. Steve Guinn, who has been a co-owner of the company since 2001, will stay with the company and assist with the transition. We are pleased to announce that Donald (Donnie) L. Bedney III will be joining PSP as President. Donnie has been in the assessment and human capital management industry for more than 15 years.
“When I was first introduced to PSP in September, I immediately thought of Donnie,” said ScaleCo founder, Brendan Anderson. “PSP Metrics is a perfect match for his relationship-building mindset and years of people resource management experience.”
PSP aligns well with ScaleCo’s strategy of investing in profitable, scalable business services companies. Working together, ScaleCo, Dr. Williamson, Mr. Bedney, and the PSP team will grow and transform PSP into even more of an industry leader.
About PSP Metrics
PSP was founded in 1946 with the famed Dr. Frederick Herzberg and became a leader in research-based employee testing. Based in Pittsburgh, PA, the company efficiently delivers assessments for a wide range of blue-chip companies in the utility, business services, homebuilding, and manufacturing industries throughout the U.S. and worldwide. For more information, visit www.pspmetrics.com.
Advisors:
ScaleCo Legal Advisor: Kate Hickner and Jack Diamond of Brennan, Manna & Diamond
ScaleCo Accounting Advisor: Chuck Mullen and Toby Kaye of Apple Growth Partners
PSP Legal Advisor: Matthew Clark, Nicholas Uhler and Michael Silverman of Dentons, Cohen & Grigsby
PSP Financial Advisor: Colin Gleason, Matthew Gleason and Chris Mielecki of Gleason Advisors
About ScaleCo
ScaleCo Capital is a Cleveland-based lower middle market private equity firm that focuses on control-oriented leveraged buyout and growth equity investments in fast-growing companies based primarily in the Great Lakes region. ScaleCo partners with companies in the verticals of business services, tech-enabled services, value added distribution and assembly, and training, compliance, and education sectors, bringing operational expertise and strategic resources to scale their growth potential and build long-term value. To learn more, visit scaleco.com.
